Friday, 27 August, 1999
World trade is also expected to rise by 1 million at 100 million tonnes. Estimates have been increased for Brazil, India and Korea, noted the International Grains Council (IGC) in its monthly report.
“Shipments are forecast to increase from all the major exporting countries, resulting to some extent from lower supplies in minor exporters.”
World consumption has remained unchanged at 583 million tonnes which is down 4 million on last year.
World stocks are forecast 1 million lower at 115 million tonnes, some 15 million down on 1998 figures.
The IGC expects most of the decrease to occur in Russia and China while sticks in the major exporting countries are likely to remain plentiful.